Taxation Laws (compiled codal) Taxation Law Section 1. Title Section 2. Declaration of Policy Section 3. Section 5 of the National Internal Revenue Code of 1997 Section 4. Section 6 of the NIRC, as amended, is hereby fur...
National Internal Revenue Code (NIRC) Taxation Law Section 1. Short Title Section 2. State Policy Section 3. Presidential Decree No TITLE I / Organization and Function of the Bureau of Internal Revenue TITLE II / Tax on...
...blic Act No. 9282 - Expanded Jurisdiction of the Court of Tax Appeals Section 1. Section 1 of Republic Act No Section 2. Section 2 of the same Act is hereby amended to Section 3. Section 3 of the same Act is hereby amend...
...istered entity, purchases a multi-use machine for 4,500,000 exclusive of VAT from a VAT-registered supplier. The supplier issues a VAT invoice at 12% (540,000). The machine is used 70% in producing taxable outputs (sales...
Citations: National Internal Revenue Code of 1997, as amended (NIRC), BIR VAT Regulations and related issuances on input tax allocation and mixed-use purchases
...compiled) Republic Act No. 10173 - Data Privacy Act of 2012 CHAPTER I Section 1. Short Title Section 2. Declaration of Policy Section 3. Definition of Terms Section 4. Scope Section 5. Protection Afforded to Journalists...
...TLE I / BASIC PRINCIPLES CHAPTER I / The Code: Policy and Application Section 1. Title Section 2. Declaration of Policy Section 3. Operative Principles of Decentralization Section 4. Scope of Application Section 5. Rules...
Special Penal Laws (compiled codal) Criminal Law Section 1. Statement of policy Section 2. Definition of terms Section 3. Corrupt practices of public officers Section 4. Prohibition on private individuals Section 5. Proh...
Natural Resources Laws Special / Miscellaneous Codals (often compiled) 1987 Constitution - Article XII National Economy and Patrimony ARTICLE XII NATIONAL ECONOMY AND PATRIMONY Section 1. The goals of the national econom...
Philippine Educational Laws Special / Miscellaneous Codals (often compiled) 1987 Constitution - Article XIV Education, Science and Technology, Arts, Culture and Sports ARTICLE XIV EDUCATION, SCIENCE AND TECHNOLOGY, ARTS...
Textronics Philippines, Inc. receives a Notice of Deficiency for deficiency VAT for 2024 dated February 12, 2025. It timely files a protest within 30 days from receipt. On May 31, 2025, the Commissioner issues a Decision...
Citations: National Internal Revenue Code of 1997, as amended (NIRC), Republic Act No. 1125 (Court of Tax Appeals Act), Court of Tax Appeals Rules of Procedure (as applicable to review of protest decisions)
Customs Modernization and Tariff Act Taxation Law TITLE I / PRELIMINARY PROVISIONS CHAPTER 1 / SHORT TITLE Section 100. Short Title CHAPTER 2 / GENERAL AND COMMON PROVISIONS Section 101. Declaration of Policy Section 102...
...ered taxpayer, purchases a manufacturing line for 3,500,000 exclusive of VAT from a VAT-registered supplier. The supplier issues a VAT invoice at 12% (420,000). The line is used 70% in producing taxable outputs (sales su...
Citations: National Internal Revenue Code of 1997 (as amended), Sec. 110 (Creditable Input Tax) and related provisions on apportionment for mixed-use inputs., BIR VAT regulations and rulings implementing the treatment of input tax on purchases used for both taxable and exempt activities., Republic Act No. 8424 (NIRC) as the governing statute for VAT in the Philippines.
Juanita Mercado, a sole proprietor of a small textile shop in Cebu, filed her 2023 income tax return and VAT return on June 15, 2024. The Bureau of Internal Revenue’s data analytics flag a discrepancy: her reported gross...
Citations: National Internal Revenue Code of 1997, as amended, and the general assessment framework, BIR guidelines on Notice of Discrepancy and related audit procedures (e.g., Revenue Memorandum Circulars/Rules on discrepancy notices)
Nick Rivera, a resident Filipino software consultant, earned ₱1,500,000 for services rendered during the year, of which 70% were performed in the Philippines and 30% abroad (Dubai). He also received ₱180,000 dividends fr...
Citations: National Internal Revenue Code of 1997, as amended (NIRC), BIR regulations and rulings on source of income and foreign-sourced income, Relevant jurisprudence on the sources doctrine (compensation and passive income)
Artemis Export Corp., a VAT-registered exporter of textiles, reports for the quarter ended June 30 as follows: - Input VAT directly used for export production: ₱600,000 - Input VAT on domestic purchases: ₱350,000 - Domes...
Citations: NIRC of 1997 (as amended), particularly provisions governing VAT refunds and credits for export-related input VAT., BIR issuances on VAT refunds for export production (e.g., rules and circulars addressing the refund/credit mechanism for export-related input VAT).
...receipts: (a) Salary from her employer PHP 650,000; (b) A cash prize of PHP 75,000 won in a nationwide contest; (c) A gift of PHP 90,000 received from her aunt; (d) A capital gain of PHP 100,000 from the sale of a vinta...
Citations: National Internal Revenue Code of 1997, as amended (definition of gross income)
Pinnacle Electronics, Inc. was audited for 2024. The Bureau of Internal Revenue (BIR) issued a Final Assessment Notice (FAN) imposing a deficiency VAT of PHP 5,250,000 plus interest and penalties, and served it on Pinnac...
Citations: National Internal Revenue Code (as amended), Court of Tax Appeals Act (Republic Act No. 1125), Provisions on protest and collection procedures under the NIRC, Court of Tax Appeals decisions interpreting protest vs. collection remedies (CTA as forum for merits)
...ed) Republic Act No. 12009 - New Government Procurement Act ARTICLE I Section 1. Short Title Section 2. Declaration of Policy Section 3. Governing Principles on Government Procurement Section 4. Scope and Application Sec...
...output VAT for May 2024. A BIR audit later determines that P1,350,000 of that VAT was charged on transactions that were either exempt from VAT or not subject to VAT. Jade Pacific files an administrative claim for refund...
Citations: National Internal Revenue Code of 1997 (as amended) — Sec. 204 (Refunds and Credits) for recovery of erroneous or illegally collected taxes.
Commercial and Taxation Laws i. Requisites VIII. TAXATION LAW / B. National Taxation - National Internal Revenue Code of 1997 [NIRC], as amended / 6. Tax Remedies under the NIRC / d. Collection Process VIII. TAXATION LAW...
Commercial and Taxation Laws 1. Jurisdiction, Powers, and Functions of the Bureau of Internal Revenue VIII. TAXATION LAW / B. National Taxation - National Internal Revenue Code of 1997 [NIRC], as amended VIII. TAXATION L...
Commercial and Taxation Laws iii. Compromise Penalty VIII. TAXATION LAW / B. National Taxation - National Internal Revenue Code of 1997 [NIRC], as amended / 6. Tax Remedies under the NIRC / b. Civil Penalties VIII. TAXAT...
Commercial and Taxation Laws iii. Notice of Discrepancy VIII. TAXATION LAW / B. National Taxation - National Internal Revenue Code of 1997 [NIRC], as amended / 6. Tax Remedies under the NIRC / c. Assessment Process VIII...
Commercial and Taxation Laws i. Administrative Remedies VIII. TAXATION LAW / B. National Taxation - National Internal Revenue Code of 1997 [NIRC], as amended / 6. Tax Remedies under the NIRC / f. Government Remedies VIII...
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